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All Smalls and Mediums: Richard Sandor Looks To Transform The Small and Mid-Tier Bank Sector (Part 1) Interview,Video

For the past 40-plus years, Richard Sandor has created some of the most successful products in the modern era of financial markets, from interest rate futures to greenhouse gas derivatives. Now he shifted his attention to small- and mid-sized banks with a new exchange platform that could transform the way in which banks lend, borrow and set interest rates for themselves. Sandor, often called the father of financial futures for his development the first interest rate contracts in the 1970s for the Chicago Board of Trade, has partnered with the Chicago Board Options Exchange and Northern Trust Bank to create…

John Lothian Newsletter: Client Margin Protections Should Be Recognized; CFTC Approves National Futures Association Rules Enhancing Protections for Retail Forex Customers; Welcome to a wild world of robot investing John Lothian Newsletter,Newsletter

First Read Bits & Pieces They call them the dog days of summer. We used to think that means sleepy and laid back. This month, it seems, it means we are working like dogs. Well, unless you are Jim Kharouf. Jim has been on holiday for the past two weeks, which added to the rest of our workloads. To be fair, though, Jim did put in a month of hard work before he left, finishing up three projects for John Lothian Productions, as well as a couple of editorial interviews. We will see him in the office for a few…

John Lothian Newsletter: China freezes Citadel unit’s account in war on stock speculation; Renewable energy sector runs the risk of overpowering market; Commodity Rout Spurs Worst Resource Currency Meltdown in 7 Years John Lothian Newsletter,Newsletter

First Read Video Killed the Radio Star: J2’s Esposito Stresses Importance of Digital Media JohnLothianNews.com “Video is king. Video is everywhere.” Joan Esposito, co-founder of the media consulting firm J2 Strategic Communications, said that more companies are putting CEOs and other key personnel in video for their websites, internal communications and external strategies. “That’s wonderful because it puts a human face and hopefully a passionate face on the company,” she said. “But if they make a video like that and they are dull or not energetic, or not passionate, or not clear, that’s not helping your company.” Watch the video…

John Lothian Newsletter: Eurex Technical Glitch Delays Trading in Futures, Options; CITIC in the lead to buy Russell Investments; Barclays plans to cut more than 30,000 jobs John Lothian Newsletter,Newsletter

First Read Bits & Pieces Doug Ashburn – JLN John is out of the office this week on a mission to provide fresh food for every mosquito north of Chicago. He is also camping and canoeing with a group of Boy Scouts. After a successful first foray into New York, MarketsWiki Education plays a home series in Chicago August 4th, 5th and 7th. This will be our third annual World of Opportunity Summer Intern Education series. The first two events will be held at IIT’s downtown campus and the final event will be held at TT’s Tech Tap. We added…

John Lothian Newsletter: CME Fights ‘John Doe’ Lawsuit About a High-Speed Spoofer; Regulators Near Pacts to Settle U.S. Rate Probes; Jimmy Lee, Famed J.P. Morgan Deal Maker, Dies John Lothian Newsletter,Newsletter

First Read The Citadel Conversation; SEC Equity Market Structure Advisory Committee Are U.S. equity markets operating efficiently? Can improvements be made to benefit investors? Recently the U.S. Securities and Exchange Commission (SEC) created the Equity Market Structure Advisory Committee to advise on potential reforms aimed at improving market integrity and advancing the interests of investors. To learn more about the Committee and the issues it is examining, we spoke with two Committee members, Citadel Securities’ Jamil Nazarali, Head of Execution Services and Joe Ratterman, Chairman, BATS Global Markets Inc. jlne.ws/1Bo5TwH ***** Inhouse interview with Jamil Nazarali of Citadel and Joe…

John Lothian Newsletter: Pope calls for cut in carbon emissions; Former AIG Chief Hank Greenberg Wins Moral Victory in Bailout Trial; Pimco Tells Regulators Runs on Mutual Funds a Nonexistent Risk John Lothian Newsletter,Newsletter

First Read Chicago Topples Lightning Amid Thunder, Floods and Tornado Warnings By John J. Lothian The Chicago Blackhawks beat the Tampa Bay Lightning for the Stanley Cup last night in a stormy night in Chicago. Tornado warnings hit the city late in the afternoon as people were headed home for the day. The basement of my house in Elmhurst flooded suddenly amid the drenching rains that hit the area. I did not get to watch the Blackhawks win the championship, as I was bailing out my basement. The 2015 MarketsWiki Education World of Opportunity Summer Intern Education Series will be…

John Lothian Newsletter: LME takes steps to broaden access to electronic trading; HKEx Soars With Brokers on Optimism About Influx of China Cash; First trader to face trial in Libor case heads to court John Lothian Newsletter,Newsletter

First Read Simon Puleston Jones, CEO of FIA Europe – In Pursuit of Happiness JohnLothianNews.com “Try to find someone who does things right that you really aspire to be over the course of your career.” Simon Puleston Jones, CEO of FIA Europe, gives advice for balancing personal life with career life. Jones begins his presentation with an acronym for “DREAM”, discussing how happiness and achieving your goals is related to Diligence and drive, Relationships and recruitment, Education and ethics, Adjustments and appreciation, and Mistakes and mentors. He stresses that your career should be something you truly enjoying waking up for…

John Lothian Newsletter: Finra Strengthens Broker Penalty Guidelines; U.S. Set to Rip Up UBS Libor Accord, Seek Conviction; Europe Likely to Recognize U.S. Clearinghouses, LSE’s Rolet Says John Lothian Newsletter,Newsletter

First Read Star-studded Robin Hood Foundation galas raise $101M By James Covert, New York Post The Robin Hood Foundation raised a jaw-dropping and record-setting $101 million at its gala Tuesday night — and now it’s bent on raising a new generation of philanthropists as well. For the first time, the Big Apple’s biggest charity hosted two additional fundraising parties alongside its annual bash at the Javits Center, with both of them aimed at the next generation of New Yorkers who want to battle poverty in their city. jlne.ws/1AWhZru ***** A record $101 million raised, but some came in nice $25…

John Lothian Newsletter: Accused flash crash trader tells UK court: I did nothing wrong; SunGard Prepares IPO, Aims to Raise Around $750 Million; Wall Street group backs BATS exchange’s U.S. market reform proposal John Lothian Newsletter,Newsletter

First Read New clearing model? By Jim Kharouf, JLN – from the WFE/IOMA Conference in São Paulo Have you been de-boarded? Get ready to swim. Large institutions such as pensions, long-term funds and commercial hedgers might be about to get dumped, thanks in part to Basel III and other regulatory rules that have made such low volume, but high balance sheet firms no longer viable as customers. That’s the message from executives at the World Federation of Exchanges/IOMA conference in São Paulo, Brazil. It’s no secret that the FCM model has been broken in the extended low/no interest rate environment…